Rapaport Magazine Shifts Focus to the Holidays
The September issue looks at the spending trends, gemstones, and styles shaping retail shopping this festive season.
Category: Mining
Revenue and profit from Rio Tinto’s diamond division soared in the first half of the year as demand strengthened and manufacturers replenished inventory.
De Beers’ revenue rose by almost a quarter in the first half of 2022, but the miner gave a more somber outlook for the rest of the year as polished demand has slowed.
With Covid-19 no longer a plausible reason, the industry is starting to suspect that a thorny issue is preventing the miner and the government from finalizing a new sales agreement.
Higher output in Angola and Zimbabwe offsets closure of Australia’s Argyle mine.
Miner gives investor 51% in return for $1.2 million in funding to run deposit.
Australian mining giant put Canadian project on hold until end of year.
Current terms will remain in effect until June 2023.
PRRF II Investment Holdings already owns about 31% of the business.
Featured